TRUSTEES

Superannuation

Some 16 super RSEs are paying over $1 million to their boards of trustees, according to latest APRA data. ...

Financial planning

ASIC believes there is a “chicken and egg” situation when it comes to product development under the Retirement Income Covenant as super funds and firms are unsure if prod...

Life/Risk

The Financial Services Council has commenced operation of an enforceable standard for handling group life insurance claims in superannuation....

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Superannuation

How financial advisers should be monitored by superannuation trustees is among issues raised by a regulatory thematic review of outsourcing in super....

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Superannuation

Superannuation trustees have revised their policies after the Australian Securities and Investments Commission found a lack of oversight and control measures in relation ...

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Financial planning

Many families are ill-equipped to handle estates after a loved one has died but there are four steps for advisers to smooth the process, according to Australian Executor ...

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Superannuation

The corporate and prudential regulators have put superannuation trustees on notice that they can expect a further follow up on their advice fee practices and that they ex...

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Life/Risk

Superannuation funds negotiating new group insurance arrangements will have to prove and certify that they are in the best interests of members....

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Superannuation

Nine superannuation funds, three of which are not for profits, are paying their trustee directors average six figure fees, according to data published by the Australian P...

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Superannuation

Seven super funds have been classifying new members as ‘smokers’ by default and over 5,000 members will receive $3.6 million in compensation....

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Superannuation

During the first week of the early super release payments scheme trustees paid members $1.3 billion, according to data....

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Superannuation

Legislation will be introduced next year to allow trustees to voluntarily transfer any amount of inactive low balance accounts to the tax office, spelling the beginning o...

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Superannuation

In what represents further consolidation of the sector, financial technology company Sargon has announced it has acquired the Trustee Services business, comprising Divers...

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Financial planning

Advisers helping clients with estate planning may need to consider more than they bargained for, with funeral plots and burial rites often causing headaches when inadequa...

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Funds management

IOOF has acquired National Australia Trustees Limited in a move which gives it a dominant position in the trustee market....

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MARKET INSIGHTS

GG

So shareholders lose a dividend plus have seen the erosion of value. Qantas decides to clawback remuneration from Alan ...

2 months 1 week ago
Denise Baker

This is why I left my last position. There was no interest in giving the client quality time, it was all about bumping ...

2 months 1 week ago
gonski

So the Hayne Royal Commission has left us with this. What a sad day for the financial planning industry. Clearly most ...

2 months 1 week ago

A Sydney-based financial adviser has been banned from providing financial services in the interest of consumer protection after failing to act on conduct concerns. ...

3 weeks 3 days ago

ASIC has cancelled the AFSL of a $250 million Sydney fund manager, one of two AFSL cancellations announced by the corporate regulator....

3 weeks 1 day ago

Having divested its advice business in August, AMP is undergoing restructuring in at least four other departments amid a cost simplification program....

2 weeks 5 days ago